Web Site : http://www.petrolatinaenergy.com


SUMMARY of PELE as of 24th Jan 2008, please see post 190 on page 10


Link to Page 10 of posts

No?

Obviously I was wrong. It was bad news after all.

Not bad news but like most stocks there's a seller, did you see they managed
to get 75k out last night when all the news chasers piled in yesterday morning.

When there's no stock Pele is a hot stock and will rise 5-10p in a day but for now
there is a overhang, sort of got used to them in all my stocks, wait for a real spike
then offload some and then buyback cheaper before the herd get bored and sell.

Yes, and also a 50k buy reported @ 16:32 (I think they reported it this morning).
I'm not convinced the 75k was a sell either - it could just as easily have been a buy order put in pre-open that caused the 2p mark-up at open.

If it was a sell, 75k does not explain this same pattern going on for 2 months.

More ambiguous trades. If these trades are sells, why are they ABOVE the buy price?

Simple, because they were worked before the price dropped, in the morning
there was 40k of buys, enough easily to work a 30k sale at 1p+ margin per share.
Difficult to be accurate because there's 2 x 30k worked sales, maybe one is a buy
and the other a sale but still an overhang as you can buy at or under the mid price.

Ok, but my fundamental point was - if you can buy shedloads at 53.85p, any overhang sells causing this must surely be below that price otherwise the MM's are losing money?

Well we had a 50k buy today @ 54.0p (changed the online offer from 53.85 to 54.5 and increase the sell limit from 1k to 15k), but you could still buy 50k at 54.5.
So maybe there is still some of this overhang/worked sell to go, but maybe its starting to run out. Looking forward to the day when it does.

No stock today martin and difference is it's 45p to buy not 55p so this could be
a real good run, i hope but just trading it as normal.

Yes limits are 25k sell / 1k buy - not seen them that way around for a while.

Good star, hope it continues.

More bad news for PELE.
2517

What the hell is going on? Is every stock about to go bust or something?

(or is it just the MM firms taking the opportunity to bleed small investors dry with the all the economic 'excuses' around).

HOLDING TIGHT (or buy the cheap shares off them if you've got the funds)

There is so much fear in the market now that all tiddlers will be marked down irrespective of prospects. I guess at it's worse, prices could drop down to where they were at the height of the credit crunch.

It is very frustrating but the key is to keep enough funds back to get back at the bottom of the companies that have potential. This has been on the cards for a long time and I guess the motto is keep calm and don't panic. There is a lot of forced selling at the moment which has little to do with small investors.

I think a lot of people are selling tidlers like this that have no chance of major upwards movement, and buying RKH, as it has very big potential for some massive moves upwards.

A case of getting money out of illiquid stuff thats going nowhere and making no money, and putting it into liquid stocks that are going places and going to make money.

Are there still gullible punters that read your posts papel power !

Sell a very good stock that is suffering and buy into another that has 6 folded
recently, that makes loads of sense, i would be selling RKH and investing in bombed
out stocks that the mm's are slashing prices.

You have never changed one bit, a big danger to new bulletin board readers :-))

RKH for zoom zoom..... or PELE for doom doom

100k Buy in Pele, dont seen many of them, guess that tells us all they look
good value.

3 v 1 this morning.

Well, looks like everyone's missed this excellent news.

Superb result from the pumps (>100% increase in output) and two new wells results to come in the coming weeks.

http://moneyam.uk-wire.com/cgi-bin/articles/201006070700161382N.html

Noticed post on a post today at MF.

http://www.bloomberg.com/apps/news?pid=20601072&sid=aeSsEhaMca0o


Seems the RZA pipeline was damaged by terrorists in late April, but PELE never informed the market of this ????